https://www.taxtmi.com/caselaws?id=239744 Revisional power under Section 34 was stated to extend to directing initiation of penalty proceedings under Section 23 for misuse of Form XVII, so long as the direction remained within the Act and the original appellate order was prejudicial to the Revenue. The text further notes that a prior judicial view favourable to the assessee did not, by itself, amount to reasonable cause for non-compliance with the declaration form requirement. Any plea of reasonable cause could still be raised before the assessing authority when penalty proceedings were taken up, but the reported outcome was that penalty for misuse of Form XVII was upheld as maintainable. en-us Wed, 25 Sep 2013 00:00:00 +0530 Sat, 05 Jul 2014 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239744 Revisional power under Section 34 was stated to extend to directing initiation of penalty proceedings under Section 23 for misuse of Form XVII, so long as the direction remained within the Act and the original appellate order was prejudicial to the Revenue. The text further notes that a prior judicial view favourable to the assessee did not, by itself, amount to reasonable cause for non-compliance with the declaration form requirement. Any plea of reasonable cause could still be raised before the assessing authority when penalty proceedings were taken up, but the reported outcome was that penalty for misuse of Form XVII was upheld as maintainable. Case-Laws VAT and Sales Tax Wed, 25 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239744